Borrowing Arrangements (Tables)

12 Months Ended

Dec. 31, 2016

The following is a summary of our senior notes payable and other debt as of December 31, 2016 and 2015:



	2016			2015
	(In thousands)
Unsecured revolving credit facility ⁽¹⁾	$	146,538		$	180,683
1.55% Senior Notes due 2016	—			550,000
1.250% Senior Notes due 2017	300,000			300,000
2.00% Senior Notes due 2018	700,000			700,000
Unsecured term loan due 2018 ⁽²⁾	200,000			200,000
Unsecured term loan due 2019 ⁽²⁾	371,215			468,477
4.00% Senior Notes due 2019	600,000			600,000
3.00% Senior Notes, Series A due 2019 ⁽³⁾	297,841			289,038
2.700% Senior Notes due 2020	500,000			500,000
Unsecured term loan due 2020	900,000			900,000
4.750% Senior Notes due 2021	700,000			700,000
4.25% Senior Notes due 2022	600,000			600,000
3.25% Senior Notes due 2022	500,000			500,000
3.300% Senior Notes due 2022 ⁽³⁾	186,150			180,649
3.125% Senior Notes due 2023	400,000			—
3.750% Senior Notes due 2024	400,000			400,000
4.125% Senior Notes, Series B due 2024 ⁽³⁾	186,150			180,649
3.500% Senior Notes due 2025	600,000			600,000
4.125% Senior Notes due 2026	500,000			500,000
3.25% Senior Notes due 2026	450,000			—
6.90% Senior Notes due 2037	52,400			52,400
6.59% Senior Notes due 2038	22,973			22,973
5.45% Senior Notes due 2043	258,750			258,750
5.70% Senior Notes due 2043	300,000			300,000
4.375% Senior Notes due 2045	300,000			300,000
Mortgage loans and other ⁽⁴⁾	1,718,897			1,987,401
Total	11,190,914			11,271,020
Deferred financing costs, net	(61,304		)	(69,121		)
Unamortized fair value adjustment	25,224			33,570
Unamortized discounts	(27,508		)	(28,473		)
Senior notes payable and other debt	$	11,127,326		$	11,206,996


⁽¹⁾	$146.5 million and $9.7 million of aggregate borrowings are denominated in Canadian dollars as of December 31, 2016 and 2015, respectively.


⁽²⁾	These amounts represent in aggregate the $571.2 million of unsecured term loan borrowings under our unsecured credit facility, of which $92.6 million included in the 2019 tranche is in the form of Canadian dollars.


⁽³⁾	These borrowings are in the form of Canadian dollars.


⁽⁴⁾	As of December 31, 2016, there was no mortgage debt related to real estate assets classified as held for sale. Balance as of December 31, 2015 excludes $22.9 million of mortgage debt related to real estate assets classified as held for sale, which is included in liabilities related to assets held for sale on our Consolidated Balance Sheets.

As of December 31, 2016, our indebtedness had the following maturities:



	Principal Amount Due at Maturity		Unsecured Revolving Credit Facility ⁽¹⁾		Scheduled Periodic Amortization		Total Maturities
	(In thousands)
2017	$	614,438	$	—	$	25,970	$	640,408
2018	1,101,879		146,538		21,085		1,269,502
2019	1,693,640		—		14,607		1,708,247
2020	1,416,913		—		11,620		1,428,533
2021	774,318		—		10,127		784,445
Thereafter ⁽²⁾	5,242,559		—		117,220		5,359,779
Total maturities	$	10,843,747	$	146,538	$	200,629	$	11,190,914


⁽¹⁾	At December 31, 2016, we had $286.7 million of unrestricted cash and cash equivalents, for $140.2 million of net available cash.


⁽²⁾	Includes $52.4 million aggregate principal amount of 6.90% senior notes due 2037 that is subject to repurchase, at the option of the holders, on October 1 in each of 2017 and 2027, and $23.0 million aggregate principal amount of 6.59% senior notes due 2038 that is subject to repurchase, at the option of the holders, on July 7 in each of 2018, 2023 and 2028.